UNI Soars 50% in One Week Amidst Whale Activity and Ecosystem Growth

Uniswap's native token UNI has experienced a significant price surge of over 50% in just one week, closing at $7.79 on September 17 and reaching an intraday high of $9.20 the next day.

This rapid ascent has attracted momentum traders but also raises concerns of short-term corrections if the newly established support fails to hold.

Market data indicates that UNI's price sharply increased from around $6 in early September, with large wallet activity and accumulation contributing to its momentum.

Crypto analyst LAR7Crypto pointed out the potential for a much larger move if UNI can break out from its long accumulation structure, targeting a new all-time high of $45.